1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Trump’s hidden tax returns take on new significance

Discussion in 'BBS Hangout: Debate & Discussion' started by Ubiquitin, Jul 26, 2016.

  1. sirbaihu

    sirbaihu Member

    Joined:
    Nov 2, 2006
    Messages:
    8,517
    Likes Received:
    2,851
    The cartoon thread you posted in two hours before posting in this thread.
    http://bbs.clutchfans.net/showthread.php?t=276591&page=2

    If you don't even remember stuff you posted today, I don't think you can be taken seriously.

    Still you!

    [​IMG]
     
  2. Kevooooo

    Kevooooo Member

    Joined:
    Jul 18, 2014
    Messages:
    5,464
    Likes Received:
    4,391
    Yah, actually, I did forget about that post. Meh, it happens. Again, you get upset and annoyed at really strange things. But you do you man. ;)
     
  3. sirbaihu

    sirbaihu Member

    Joined:
    Nov 2, 2006
    Messages:
    8,517
    Likes Received:
    2,851
    I'm not the only one in this thread who sees your credibility dropping.
     
  4. shorerider

    shorerider Member

    Joined:
    Apr 20, 2003
    Messages:
    353
    Likes Received:
    326
    Proposed trade deal: Returns for Goldman Sachs speech transcripts
     
  5. Kevooooo

    Kevooooo Member

    Joined:
    Jul 18, 2014
    Messages:
    5,464
    Likes Received:
    4,391
    That's alright, I'll survive. You're the one getting bent out of shape. :grin:
     
  6. dmoneybangbang

    Joined:
    May 5, 2012
    Messages:
    21,040
    Likes Received:
    12,897
    Just run along. You've been shown to be clueless and not knowledgeable.
     
  7. dmoneybangbang

    Joined:
    May 5, 2012
    Messages:
    21,040
    Likes Received:
    12,897
    This.
     
  8. Supermac34

    Supermac34 President, Von Wafer Fan Club

    Joined:
    Mar 31, 2000
    Messages:
    6,980
    Likes Received:
    2,218
    Almost every audit bring some changes. They are usually small changes based on small mistakes, or recommendations on changes by the IRS based on differing views of the tax code. Trump probably has returns that are hundreds of pages long. I'm sure he has a whole tax department working on his personal returns. My wife is a Tax Director for a very wealthy man and their returns take months to complete.

    Every once in a while they get hit with an audit. Usually the CPA for the person and the IRS auditor work together through the returns. The IRS sends the changes or corrections over, the return is refiled and life goes on. This is an extremely normal part of business. Most large returns have some changes just due to the massive amount of information, additional documents, etc. 99% of the time, this is standard business practice, but to the general public that doesn't understand it, it can seem strange that there would be changes to a tax return when most people just do a 1040EZ with a standard deduction. "Trump must be hiding fraud if the IRS found things in an audit!" ...in actuality its just a normal part of the process for most businesses and high net worth individuals.

    I could see (and my wife agrees) where it would be dumb to release the documents before the audit was finished. They want to make sure everything is complete and signed off with the IRS with a nice bow before they release.
     
    1 person likes this.
  9. body slam

    body slam Member

    Joined:
    Jan 2, 2012
    Messages:
    2,936
    Likes Received:
    1,074
    Does a person running for president have to show their tax returns?
     
  10. KingCheetah

    KingCheetah Contributing Member

    Joined:
    Jun 3, 2002
    Messages:
    56,555
    Likes Received:
    48,558
    Lying Hillary hasn't told the truth once in her life. Donald Trump is a amazing father and great leader. If you think differently you are wrong.
     
  11. Sweet Lou 4 2

    Sweet Lou 4 2 Contributing Member
    Supporting Member

    Joined:
    Dec 16, 2007
    Messages:
    37,717
    Likes Received:
    18,918
    Counter deal. How about tax returns for tax returns?
     
  12. JeffB

    JeffB Contributing Member
    Supporting Member

    Joined:
    Aug 29, 1999
    Messages:
    3,587
    Likes Received:
    568
    Not by law. It has been traditionally done to demonstrate your financial interests and if you kept tax commitments. It is one way of seeing to whom you might be beholden.

    Kinda sad people want to make this into a partisan/team thing. Trump obviously has things to hide. Whatever Clinton my be hiding is a deprecate issue. This issue is about a dude who may have financial ties with a hostile nation in whose favor Trump's foreign policy aligns, a nation Trump asked to hack US servers to publicly reveal emails Trump has claimed contain classified information.
     
  13. Icehouse

    Icehouse Contributing Member

    Joined:
    Jun 23, 2000
    Messages:
    13,430
    Likes Received:
    3,769
    That's not true. And even if there were changes, they are between the IRS and the taxpayer only.

    If there are changes the IRS can't disclose them to anyone. An audit is a poor excuse not to release the returns.
     
  14. Supermac34

    Supermac34 President, Von Wafer Fan Club

    Joined:
    Mar 31, 2000
    Messages:
    6,980
    Likes Received:
    2,218
    I think that is the point. After the audit, the return is "clean". If he releases it now, and then has to re-release it later after recommended changes, it discloses to everyone what the changes were.
     
  15. adoo

    adoo Member

    Joined:
    Mar 1, 2003
    Messages:
    9,675
    Likes Received:
    6,190
    according to Trump, he has been audited every year forever.

    that being the case, since 2015 is under audit, he can always released his completed / "cleaned" returns for 2014, 2013 and 2012
     
  16. JeffB

    JeffB Contributing Member
    Supporting Member

    Joined:
    Aug 29, 1999
    Messages:
    3,587
    Likes Received:
    568
    Warren Buffett Challenges Trump to Show Tax Returns, Says He's 'Afraid'

    Business magnate Warren Buffett took on Donald Trump over his refusal to release his tax returns -- issuing the real estate mogul a challenge to put his cards on the table.

    Speaking at a Hillary Clinton rally in Omaha, Nebraska today, the multi-billionaire joked he would meet Trump "any place, any time between now and election" to go over each other's tax returns. The GOP nominee has claimed that he can't release his tax returns because he is being audited.

    "Now I've got news for him, I'm under audit too," Buffett said. "There are no rules against showing your tax returns and just let people ask us questions about the items that are on there."

    Buffett instead suggested that Trump is withholding his tax returns intentionally.

    "You're only afraid if you got something to be afraid about," he told to the crowd. "He's not afraid of the IRS. He's afraid because of you."
     
  17. plcmts17

    plcmts17 Member

    Joined:
    Nov 4, 2003
    Messages:
    3,777
    Likes Received:
    178
    [​IMG]

    <iframe src="//giphy.com/embed/26BRJ2RWyw99xkukw?html5=true" width="480" height="554" frameBorder="0" class="giphy-embed" allowFullScreen></iframe><p><a href="http://giphy.com/gifs/thedailyshow-26BRJ2RWyw99xkukw">via GIPHY</a></p>
     
  18. calurker

    calurker Contributing Member

    Joined:
    May 19, 2002
    Messages:
    1,384
    Likes Received:
    446
    Where are his tax returns?
     
  19. Rocket River

    Rocket River Member

    Joined:
    Oct 5, 1999
    Messages:
    61,857
    Likes Received:
    29,213
    1. He will probably never show them . . . .no way to force him to now
    2. He will make more money than any president in history during his term
    3. Then he will show his post presidential tax returns to prove how great he is. . . . .. .

    Rocket River
     
  20. Dairy Ashford

    Dairy Ashford Member

    Joined:
    May 20, 2002
    Messages:
    14,507
    Likes Received:
    1,833
    He didn't need to release them to get elected, now he probably never will.
     

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now